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World Business Today

News/Business. Colleen McEdwards, Pauline Chiou. The day's global business news with a focus on international business and market trends.

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Us 10, Japan 6, Sendai 5, Tokyo 5, U.s. 5, Cnn 4, Toyota 3, London 3, Charles Hodson 2, Honda 2, Nissan 2, Geico 2, Daiichi 2, Fukushima 2, Hong Kong 2, Vitac 1, Hoeppner 1, Katrina 1, Anna Coren 1, S&p 1,
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  CNN    World Business Today    News/Business. Colleen McEdwards, Pauline Chiou. The day's  
   global business news with a focus on international business...  

    March 14, 2011
    4:00 - 5:00am EDT  

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-- captions by vitac -- www.vitac.com in the 65 years after the end of world war ii, this is the toughest and the most difficult crisis for japan. japanese leaders try to move their people forward from one of the country's darkest hours, but there is still a very long way to go.
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tv is pointing another 6.0 magnitude. it's 5:00 p.m. right now. from cnn hong kong i'm andrew stevens. >> we welcome you to cnn special coverage in japan. now, as the days pass in japan, the death toll continues to climb. friday's earthquake and tsunami have claimed 1,600 lives so far, 1,500 are still missing. those figures are expected to drive dramatically. pictures like this. the devastation of sendai serves as a reminder of the sheer force of the tsunami that inundated them. the situation is bleak for those who have survived as well as survivors are staying in makeshift shelters like this one at a school recovering from the
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trauma of the past four days and now waiting for news of loved ones. and on top of all that, this japan is racing against the clock to contain what could become a nuclear crisis. images like this have become all too familiar, the white smoke billowing over northeast japan after a second explosion at a nuclear plant in fukushima. that plant's third reactor has now shut down. as frightening as this nuclear development is, one expert says caution must be exercised when describing the situation in fukushima. james acton explains. >> chernobyl is a helpful comparison. that was an skplougs inside the reactor core. this is extremely unlikely to occur. the accident this is more similar to is the three mile
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accident. three mile was very difficult. it was caused by operation error. this was following by a devastating earthquake and tsunami. nonetheless the nature of cooling the reactor was the same. three mile island was the expense x tense sieve meltings of the core. what we have to hope is there's a similar outcome on this occasion. any time you have a core melting there's a substantial increase for radio activity but there's no guarantee. >> you can find out more about the impact the earthquake has had on our website. i know you've got a lot of questions about that as have the rest of us. got in touch with a number of agencies to try to answer those queries. all of that is at cnn.com/international. we've been seeing images
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from japan for a few days now but we've continued to see new and frankly shooking video images. hundreds of people were swept out to sea in sendai. take a look at these images from friday as alarms sounded and the tsunami hit. just a couple of minutes before those scenes were shot, the streets were dry. just to give you an idea how quickly the water moved through land, the unstoppable water. the sheer force obliterating everything in its path. a lot of the pictures we have seen before, it doesn't lessen the impact when you see it again.
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it's almost unbelievable how much water and how much force is in that tsunami which covered the north and eastern part of japan. there are so many towns which haven't even been got to by rescuers yet. most people say the death toll will increase quite dramatically. listen to this woman, i'm sure, of her teenaged daughter's fate after they were both swept from a three-story building. >> translator: a tsunami hit us. i grabbed something tightly, holding my daughter's hand, but i lost my grip when i was swept away with the debris in water. i managed to survive, but my daughter was washed away. i don't know what to say. i hope my daughter is still alive somewhere. >> so many tragic, tragic tales like that woman looking for loved ones. so many people, so many families separated by this disaster. certainly the rescue operations
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are ramping up but hopes of finding survivors amongst some of that unbelievable wreckage are now fading. you're now at an evacuation center. you're hearing from people who have lost loved ones who barely escaped with their own lives must be quite harrowing. >> there are so many people at this elementary school. if you look to your left, your right, you see very old people and you see children. you may say the young people don't understand. the looks on their faces, it's very apparent. we broke to one woman who broke down because she got food and water from people she hardly knows. she just learned from reading the newspaper, looking at google satellite images that her home
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was destroyed. everything she owns is gone. all she had was the blanket she was sitting on and the clothes on her back. we met a new fathers who 3-week-old daughter he simply could not let go. he did not want to put her down because of the trauma of what he had experienced these past three days. so when you walk through these emergency shelters, you really start to understand beyond the images that we've been showing, beyond all of this disaster that you're seeing on the television screen, behind every single one of those piles of rubble is a human life, a human story, victims who are going to take years to recover. this isn't just an issue of cost of rebuilding. this is an issue of how these people are going to be able to get their lives back together. at this point they are still hoping, hoping beyond hope that they're still going to be able to find some of the missing. there's a message board up here where people are writing, have you seen my father, or i'm
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alive, i'm at this place. it's left and write. it's just stories that are overwhelmingly sad. >> kyung, they've become numb to just about everything. is that the feeling, the mood in that evacuation center? are people just stunned, or are they still trying to get on with their lives to try to find out what has happened to their loved ones? >> they are stunned. you are exactly right. they cannot even think about what's next. the father that i was talking about, the new father of the 3-week-old baby, he said, i'm numb. he can't -- he can't get any thought in his head other than i don't want to put her down. the woman who broke down, who learned that her house was gone, she can't think about rebuilding. she simply is trying to stand up. so, yes, you're absolutely right. they simply don't know how to feel and what to do.
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>> and you mentioned food and water. is there food and water getting to these evacuation camps, other parts of sendai? i mean is there power being restored or at the moment is all the focus on rescue? >> right now, the primary focus, governmental and military focus is rescue. we're hearing the choppers above us. we're starting to lose daylight. daylight is almost gone but we can still hear the choppers in the air. there is still a heavy focus on search and rescue and i have to say recovery. it's going to become much more a recovery effort as we're now passing the 72-hour mark. but here in the evacuation centers, this is a community effort, and so what we're seeing is, yes, there is food and water because the community is pulling together. there's not electricity. none of these homes have electricity. there are some generators powering some of the rooms of this particular evacuation center. so food and water is scarce, but
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they are starting to come into these evacuation centers. if you go -- for the people who actually live in the city where there is no power and water, or hot water, they have to stand in line at some of the stores. some of the stores are distributing -- selling food and water, dry food and water but they're limiting how much you can buy. you can buy maybe a couple of bottles of water and rice or you can buy some potato chips and some water. so it's very limited rations across the board. the one thing i will say, too, is that something that's really spectacular, especially if you're a westerner, is the amount of order and care that the japanese have for one another, even in the face of this massive disaster. lines are very orderly. even people here in the emergency centers, they are helping each other, helping each other stand up, making sure that everybody is fed and everybody has enough water, even if they have to give up something, they want to make sure the community
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is able to keep moving on. >> it sort of eludes to what the japanese prime minister naoto kan was saying yesterday about getting close to your family, close to your community so together they can survive this enormous disaster. kyung lah, thanks very much for that. as we keep saying the magnitude of this disaster, particularly the human side is just enormous. it's not just human. it's financial as well. we'll take a look at that next. [ jane ] here's me. and here's my depression.
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if the option of adding abilify is right for you. my joints ache so bad, i wake up in pain every day. i want to know why. i want to know why my hair is falling out. how did this happen? how did this happen? a little pain in my knee. that's how it started. that's how it started, this rash on my face. now it's like my body is attacking me. i want answers. announcer: when you don't have the right answers, it may be time to ask your doctor the right question. could i have lupus? well, it's 5:14 in the afternoon in tokyo, and thousands of commuters will be leaving work, even in the capital far away from the
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epicenter of the earthquake, these pictures show you what the station was like during the morning hours. a very business hub. there was no train service so consumers were advised to take buses or taxis or just walk. welcome to cnn. you're watching special coverage of the earthquake in japan. andrew. you remember that the tsunami or the earthquake and tsunami struck just a few minutes before the tokyo market closed on friday. this is how it traded today, not surprisingly down, perhaps more sharply than some expected. 6.2%, that's the single-day biggest decline in years. have to go back to the collapse of lehman, the financial crisis. this is the second biggest market in the world. now, the big losers today, there were many across the road.
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the big news, toshiba corporation, they're the makers of nuclear reactors. tokio marine holdings and tokyo electric. 23% down there, tokyo electric, certainly a big hit there. now, in the auto sector, three of the key carmakers all down again sharply. toyota, nissan, and honda. honda and nissan and toyota saying they'll have to curtail their production. toyota in particular has closed its total manufacturing capacity in japan for the next three days. it will -- it is expected to open on thursday morning. it affects about 40,000 units, but the knock on earnings will certainly be an impact. that's what you're seeing there. take a look at construction. this is what i was saying about notable exceptions.
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this obviously is in response to what is going to be an enormous rebuilding plan for japan for that hard-hit area of the northeast and part of the country. taisei and kajima both soaring. known for constructing buildings. it certainly led to gains for all japanese construction stocks. they rally in korea as well. but back in japan on the wider economic front. the bank of japan, the central bank said it was going to inject a record $183 billion of cash into the financial system to make sure things are working smoothly, to make sure confidence is maintained and make sure there's plenty of lending between the banks which is a very important part of the financial markets. also plenty of lending for consumers should they wish to to try to restore -- maintain some form of confidence. another confidence booster, standard poors, the credit rating agency says it will not
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have an effect on japan's aa sovereign rating. certainly there's a lot of fears because japan has such a high national depth to pay for the restructuring. that will push that national debt even higher. finally on the yen, it did gain in value sharply against the u.s. dollar in the direct aftermath but it has come back down help birthday i that liquidity injection. charles. well, let's have a look at the longer-term prospects for japan and how long it might take the world's third largest economy as it is now to return to some semblance to nor malt. to do that we talk with john at jpmorgan. he's live from our tokyo bureau. clearly the human cost is enormous, but in terms of the economic costs, this was already
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a weak japan that was struck by the earthquake, was it not? >> it's quite interesting. the good news is the range affected is actually not that significant. the region there is about 7% of japan's output, you know, so it's not as large as what we had in '95 when the area was affected which was about 15% of the gdp. from an economic perspective, there are going to be disruptions but it's not going to be as big. the key focus is the rebuilding. >> well, the rebuilding, we've already seen how those construction stocks are soaring. but what about the impact on the retail economy? i mean are we likely to see some sort of short-term boost where
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people stock up with emergency supplies? >> you know, i mean the key issue is, and this is something that, you know, the government really needs to be applauded for. it's been extra oird. charles, you remember for the last 15 years we sort of accused japan of doing too little too late. that is not the case this time around. you saw today the bank of japan not just pumping up short-term liquidity but stepping up the asset purchase plan. they're going to buy more in the equity market. this is very good and you're going to get more fiscal support with the crisis actually uniting the government and getting us a supplement probably in the next couple of days. >> okay. well given that fiscal response, that policy response, do you
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think that japan has headed off the possibility which, for example, i'm reading some research in london which suggests the possibility of a return to recession, at least in the short-term for japan, in other words a second quarter of negative growth? >> well, i think that that's very unlikely. i mean, you know, we know that the january to february data was very strong. so, you know, the chances of the first actually being negative is quite low. but that's all beside the point. the question is does japan have the financial wherewithal to do the rebuilding and to start the rebuilding quickly, and both the private corporations have got record cash balances and the public operations, you know, which have record low interest rates for funding, you know, it's a green light for the rebuilding here. >> okay. jesper koll from jpmorgan live. many thanks. stock markets have been open now
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for about 21 1/2 minutes. let's have a look at where they stand at the moment in terms of main indices. we were looking at a selloff of futures market. we can look and see where we are right now. that has indeed come to pass with the paris cac off by about 1.5%. zurich smi lower by about .75%. remember insurance companies are important in switzerland, although a lot of earthquake insurance is borne by the government of japan and on the ftse losses we're looking at about an eighth of a percent. now u.s. markets still set for a lower open when trading begins later on monday. u.s. futures stand roughly here in the premarket action looking to throw away the gains that they got on friday of about half a percent, and despite the fact that that news obviously of the earthquake was all the way through the u.s. trading
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session. so losses of up to nearly 1% for the nasdaq composite, half a percent for the dow and s&p 500. andrew. charles, continue coverage of japan will carry on in just a moment. we're going to take a break. also we're going to be updating you on news around the world. we're going to see how japan's disaster has empties the country's abundant supermarkets. stay with us.
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welcome back. you're watching cnn's continuing coverage of the earthquake in japan. well, let's recap the latest developments in japan for you now. aftershocks continue to rattle the country. the japanese country says there's a high likelihood the country will experience a 7.0 or
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higher aftershock in the next three days. it's much closer to the west coast than the quake-hit east coast. meanwhile a new hydrogen blast has injured six people at the fukushima daiichi plant. it was in the building that houses the plant's number three reactor. that reactor has been shut down. government officials say the reactor has not been damaged. the official death toll from the earthquake quake and tsunami stands at more than 1,600 people, 1,700 people remaining. those numbers are expected to go higher as the rescue teams get to towns. charles. in other news, libya's rebels suffer another defeat as loyalists to gadhafi have
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retaken the area. they have been trying to recapture from the rebels sin the uprising began last month. meanwhile moving east, protests and violent clashes in bahrain over the weekend. you're looking at video of what appears to be tear gas being used to disperse anti-government demonstrators. cnn cannot confirm the video's authenticity. a number of injuries are reported. clashes between supporters at ivory coast, two presidential rivals, have forced more people from their homes. rebels who support the internationally recognized president say they've taken over another town. the backers managed to push back forces to a self-declared prison on saturday. they attacked a suburb of
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abidjan. as japan contends with the disaster, stories of surprise and sheer grit amidst the total devastation. that's coming up.
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>> translator: i thought i was dying. then i was pushed into the water. for my son, my family, i decided to make every effort to survive. >> just another of the wrenching tales from survivors of japan's
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earthquake. welcome back. i'm andrew stevens at cnn hong kong. and from london i'm charles hodson. welcome to cnn coverage. a japanese official now says the cooling system of the reactor of the daiichi power plant in fukushima has stopped working. the official said it shut down early this afternoon and the pressure has been building inside the reactor since. now, this is the third reactor now that's facing danger at that plant in the wake of friday's massive earthquake and tsunami. meanwhile the official death toll from the disaster is now more than 1,600 people. but kikey -- kyodo news agency says it's more. in one town alone, more than 9,000 people remain unaccounted for. one firm estimates the damage from the earthquake and the
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tsunami will total at least $100 billion. you know, charles, since then, i've seen estimates going up to $170 billion. >> yes. i think these are estimates. and good heavens. who knows, who knows. cnn's stan grant has been following the developments of the damage from the earthquake and tsunami. he joins us live now. good afternoon to you, stan. i mean reading between the lines of what we're hearing official and bearing in mind the fact that the japanese authorities and power companies have not always been wholly frank with us, what do you think is really going on right now? >> reporter: well, we can only go on what they've been telling us, charles. they have been putting out a lot of statements. there's been a constant flow of information. from the veracity of it, we can go from what they're telling us from where we're standing.
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what they say -- you'll have to bear with me. it can get confusing when we get into the numbers. we're talking three reactors at the daiichi plant at fukushima. the concern was reactor one and reactor three. now, there was talk of a strong possibility, the assumption of a strong possibility of a meltdown of one and the possibility of a little meltdown in reactor three. now today we had this explosion in reactor three, a hydrogen explosion, similar to what happened in reactor one. now we had another. that's reactor number two. it's knocked out. that explosion knocked out the cooling system. it also stopped the cool progress says in one, two, and three. so now they a have a triple problem. they have cooling problems with reactors at all three places at the plant. so what they've been trying to do is pump more seawater in there to try to cool those reactors. they've been able to start the
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seawater process called reactor two, but the other two have not been able to come on-line. all of this, charles, they're concerned about it going into the atmosphere. they have admitted there have been various levels of radiation detected but the government has stressed all along they're not at a level that would be harmless to people. but, of course, there's the 20-meter exclusion zone where people have been evacuated from their homes, about 200,000 people. so the picture continues to change and thank's where a lot of the uncertainty and doubt comes in. each event we get more information and that raises more uncertainty and perhaps people bring their own fears to be on that as well. charles? >> so it's imagined that surrounds these three reactors in which the cooling systems have failed and two of which -- one of which certainly has suffered an explosion, there is a 20-kilometer exclusion zone. i mean that's been -- the exclusion zone speaks volumes about what the government really
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thinks, doesn't it, as opposed to what they're saying? >> reporter: yeah. the key here is this. they're assuming the worst and planning for the best. knew, assuming the worst means there's been this meltdown of reactors one and three. assuming that, they bring in this exclusion zone so the people do not fall prey to the harmless effects of radiation. what they're planning for is that the redundancy safety features of these reactors kick into gear. there is a meltdown or disintegration of the reactor it doesn't escape into the atmosphere or melt down. they're housed in a building and also a containment vessel around that. what they're hoping for, planning for is that all of those procedures work. in the meantime you have to assume the worst and that's what i i said these are the measures in place. charles? >> okay. stan grant joining us live if
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there from japan. and, of course, the impact on the energy sector is considerable. rolling blackouts are already taking place, blackouts of industry and homes as a result of shortage of electricity. well, explaining that a meltdown is partially likely doesn't hoeppner vus evacuees. take a listen to what they're saying about the situation. >> translator: i want to know exactly what's going on at the nuclear plant. i'm scared. >> translator: i don't understand the technical side of it at all but i'm scared because i can see the radiation. >> well, there are some measures people can take to protect themselves against radiation. cnn's dr. sanjay gupta explains why taking iodine tablets can help. >> it can take up this radioactive iodine. this is sort of a simple yet important concept is that if you get a stable iodine, in this
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case potassium iodine about, you're sort of flooding the gland with this component. even if there is a component of this radio active development it doesn't take up in the thyroid. that's sort of the theory here. it seems to work pretty well. it's just simple iodine tablets. potassium iodine tablets. that's not going to work if is someone has already been exposed. that's not going to protect people from other effects of radiation poisoning and some of the acute effects, the vomiting, nausea, skin effects, changes in the bone marrow. well, at one medical facility in fukushima, one in five people are being tested for high radiation levels are being referred to the hospital for further testing. andrew. >> charles, correspondents on the ground say many of the survivors they speak to are
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still in a state of shock, not surprisingly. even though there was a threat of a big earthquake, many of them have actually lived with it all their lives. now that it's happened they're struggling to pick up the pieces. in one town grim reality has found a home amongst the rubble. >> we're just about an hour north of sendai. we've teamed up with the japanese military, and they're going through this neighborhood to see if they can find any survivors. but it quickly became apparent this wasn't a search and rescue operation. they were here to recover bodies. this neighborhood just 500 meters from the coast caught the full force of the devastating tsunami. every single home was damaged by the ten-meter wall of water, most beyond repair.
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this man scrambled on top of his householding onto the roof for dear life. >> you are very lucky to be alive. >> i'm lucky. very lucky. >> reporter: there was lesses that 30 minutes between the quake hitting and the monster wave devouring the coast. this is your house. he managed to drive out just in time, but said his neighbors weren't so lucky. this is a scene of complete and utter devastation. the power of the tsunami, it just speaks for itself. the wall of water that rolled through here within seconds collected everything in its path, and from the rescue workers that we have spoken to, the bodies that they are retrieving are those of the elderly people who could not get out in time. now, for the survivors who are richardsoned to see what is left of their home, when you stand here and witness the devastation, you have to wonder where these people start to
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rebuild their lives. anna coren, cnn, japan. well, japan's nuclear crisis is affecting the whole country. when we come back, how a nation trying to recover now has to contend with darkness. hostcould switching to geico really save you 15% or more on car insurance? man: no way! man: hey rick check this out! anncr: geico. 15 minutes could save 15% or more on car insurance.
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these are pictures taken in the port of sendai. that was shot earlier this day. and you can see there the magnitude of the damage, hundreds of those ruined shipping containers being pushed up against each other tossed into piles basically just by the strength of friday's tsunami. extraordinary pictures there. welcome back to cnn's continuing coverage of the aftermath for
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the 8.9 earthquake and the devastating tsunami that followed out in japan. >> the damage of japan's infrastructure from the tsunami. the full extent of the damage is far from clear. early estimates suggest losses from the quake coupled with the cleanup and repairs could top $100 billion, and that would make it the most expensive earthquake in history. but andrew, you were quoting numbers much higher than that. >> yeah, i've been reading endless reports coming out of japan. some are talking as high as $170 billion. it really is difficult to put a clear estimate on this. obviously until the full extent of the damage is known. and speaking of the red cross the weekend, charles, they were saying it could take a couple of weeks before the real impact is fully assessed. and certainly the number of missing people have been accounted for. there has been an impact as we've been talking about in the financial markets, as well. the niknic nikkei has taken a h.
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insurance companies taking a pummelling, as well. that's no surprise. catastrophe risk modelling company says japan's disaster could turn out to be the insurance industry's most expensive yet. it says losses covered by insurance could reach $35 billion u.s., and that's before the costs of the tsunami are factored in. the estimate takes into consideration damage to homes and businesses as well as agricultural losses. if the loss prediction is accurate, the cost will surpass all over natural disasters, including the 2005 hurricane katrina and the 1995 earthquake in kobe in japan. then losses were about $100 billion, but insured losses came to just $3 billion. meanwhile, food and fuel are in short supply across the earthquake zone. transportation of consumer goods is hampered by torn out roadways, and people are
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reporting long waits to get into the supermarket. once inside, there's very little available to buy. no reports of any sort of looting. about 2 1/2 million households without electricity on sunday. just over 4% of the total number of homes in japan. rolling blackouts have now started in some areas including the capital. the japanese prime minister naoto kan had this to say. >> translator: we could fall into power outage in a wide area. and sudden power failure could devastate the lives of people as well as to the industrial activities, and this is something that we must avoid. >> now, it's not only electricity in short supply, japanese media reports at least 1.4 million to be exact households have no water. you're looking there at people
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standing in line to collect water in buckets. workers say water shortages at some evacuation centers are creating unsanitary conditions. charles? well, as the future of nuclear energy in japan remains uncertain, the price of gas is on the rise. i'm joined by emily ruban. clearly the impact on the nuclear industry and by extension the energy situation in japan quite fearful, i think that's the right word. >> it's not underestimation to say it's a huge impact on japan's energy. 35% of all japan's energy needs are met by its nuclear power plants. and some of the electricity companies are building more of those. by 2020, they hope that 40% will be met by nuclear. safety campaigners may get involved in the future of how nuclear energy is important to
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japan given what's happened. as i'm sure you know, japan is the world's largest importer. most are what they're saying what they're missing in nuclear fuel, they'll make up with imports of energy. >> the impact for global prices is going to be quite severe, then? >> well, the energy market is actually more -- it'll be able to absorb the shocks better than the oil market because there's a lot of capacity. they're going to boost supply. and i think what's going to happen is prices have been depressed. they've been around the $4 per unit mark. but the impact could be felt higher in europe where prices are likely to increase. >> okay. what does experience teach us, if you like? clearly the kobe earthquake 16 years ago provides some kind of point of comparison for what's going on and other situations where emergency supply has been severely impacted. are we likely to see a relatively rapid recovery and therefore the price of lng coming down? >> charles, let me just talk
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about some figures here i've been given. they say 6.8% of industrial output has been affected by this earthquake and tsunami. that's actually less than what was affected in the kobe earthquake in 1995. however, output then fell minus 2.6%. the impact of this earthquake and tsunami are so much more devastating, so much more of the infrastructure has been destroyed, it's going to take an awful long time for japan to rebuild itself. >> thank you very much. now, drying out after the tsunamis, facing the nuclear danger. and the ever present threat of more quakes. the unremitting stress of aftershocks.
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let's bring you up to date with the latest from japan. and six people injured in a new explosion today in the northeast of the country. it was a hydrogen blast occurring at the building that houses the number three reactor at the fukushima nuclear plant. this is where most of the crisis has been unfolding on this story. officials say the number three reactor was not damaged in that explosion today. and japanese media are also quoting japan's nuclear safety agency. they're saying the cooling system of reactor number two at the same plant stopped working early this day and the pressure has been building up inside there. that means three of the six reactors at that plant are now experiencing severe problems. meanwhile, kyoto news agency is reporting the discovery of 2,000 bodies at northern japan's miyagi prefecture. those bodies tragically add to
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the tsunami and quake death toll that stands at more than 1,600. charles? now, aftershocks continue to rock japan. jill brand is at the cnn weather center. i imagine we're expecting some -- or some people are expecting one of up to seven on the scale, which is huge. and we've had one which is approaching that on the other side of japan, right, jill? >> that's correct. we've been seeing at least a small aftershock or two, about every hour. at least since i've been here today. this is over on nagamo we've had this. so that -- not all of them have been in the exact same area. these are all considered aftershocks. and every time we get a new one, it's put on the map in red. this is a live shot of the
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website. after an hour it goes to orange. and they've been one after another. almost every hour getting that feeling of yet another tremor out there. although most of them have been in the four, five, six range, there's still the possibility that we could have stronger ones. since we had it well over 300 now. you can see how they've been clustered in the five to six. only one shortly after the major earthquake was over seven. we could still have another. here's the larger picture, and you can see as we zoom in that most of them have been clustered around that initial earthquake area. and we continue to see them. so well over 300 and more on the way hour after hour. we also have bad weather coming in. this is terrible news. we have had sunny and warm weather for the rescue efforts, but now that's about to change. and what's coming in with the clouds is a drop in
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temperatures. so those southerly winds will go by the wayside. up comes an area of low pressure from the south, initially we'll bring rain in, we think for tuesday, behind it, the cold weather comes in behind it. and while our normal average high this time of year is around 9, by thursday, we'll be two or three degrees and with snow in the forecast. so looks like rain tuesday and then rain/snow mix wednesday, and all snow and very cold temperatures for thursday. so charles and andrew, the worst news i could hear here. we don't have heat in most places, and if they are lucky enough to have shelter, it'll be a cold night, but they probably won't have heat and cold weather coming back in. back to you. >> many thanks. andrew. >> many thanks, indeed. that is it from charles and i for this hour. you have been watching our special coverage of the disaster in japan. i'm andrew stephens in hong
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kong. >> i'm charles hodson in london. our coverage continues after this short break.
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